Freddie Mac, Lucent, ExxonMobil

Among the companies whose shares could see active trading on Monday are Freddie Mac
FRE, +3.23%
The company's CEO, Greg Parseghian, will step down when the search for a replacement is completed, Freddie Mac said late Friday. See full story.

Lucent Technologies
LU
said the Department of Justice and the Securities and Exchange Commission are investigating allegations from a lawsuit filed last week that said the company bribed telephone company officials in Saudi Arabia. See full story.

ExxonMobil
XOM, +1.19%
said that a federal appeals court threw out a $4 billion punitive damages award against it in connection with the Exxon Valdez oil spill of 1989, the second time in two years a massive award has been scrapped. Shares of ExxonMobil closed at $36.53, down 52 cents. See full story.

ArvinMeritor, which has made a $2.2 billion hostile offer for Dana Corp., said Friday that it has submitted the bid to regulatory authorities. Dana
DCN, -2.93%
has alleged that ArvinMeritor's failure to submit the offer to the Federal Trade Commission and the Department of Justice go against customary practices of companies making offers. ArvinMeritor's
ARM, +18.75%
$15 a share cash offer is also set to expire in a week. See full story.

Friday's advancers

Autodesk
ADSK, +3.83%
a maker of design software, gained 9 percent after it reported higher second-quarter profits, narrowly topping expectations with the help of a one-time tax gain and product upgrades. See full story.

Electronics Boutique shares
ELBO
powered up almost 10 percent after the computer accessories company posted a 181 percent increase in second-quarter profit late Thursday, bolstered by strong software sales. Southwest Securities followed by upgrading the stock to "strong buy" from "neutral."

Linens N Things
LIN, +2.24%
rallied more than 5 percent after analyst Peter Benedict at CIBC upgraded stock to "outperform" from "market weight" and said he expects the home textile retailer's turnaround initiatives to show concrete results in the near term -- possibly as early as the fourth quarter. Benedict acknowledged the difficult operating environment for the company given increased competition and a still cautious consumer. But "we believe LIN's merchandising efforts should help counter much of the pressure in coming quarters," he said.

Marvell Technology
MRVL, +2.18%
moved up nearly 9 percent after it reported late Thursday second-quarter earnings for fiscal 2004 of $9.4 million, or 7 cents a share, versus $9.3 million, or 8 cents a share, the year before. Sales at the semiconductor company jumped 61 percent to $192.9 million from $119.7 million.

Shares of Neoware
NWRE
rose almost 5 percent after the software company reported late Thursday better than expected fiscal fourth quarter earnings and revenue, which were boosted by "very positive results" from its alliance with IBM
IBM, +1.33%
Net income for the quarter ending June was $1.7 million, or 12 cents a share, up from 8 cents a share in the year-earlier period. Revenue rose 12 percent to $15.8 million. Analysts surveyed by Reuters Research had been expecting earnings of 10 cents a share and revenue of $14.7 million.

Nordstrom
JWN, +3.57%
rallied close to 5 percent Friday after it reported a 26 percent jump in second-quarter earnings to $65.9 million, or 48 cents a share, compared with $52.4 million, or 27 cents a share, a year ago. The results were in line with the recently raised expectations of analysts polled by Reuters Research. Nordstrom attributed the results to stronger-than-expected sales and tightly controlled expenses. The retailer also raised its forecast for the third quarter to a range of 16 to 20 cents a share and for the full year to a range of $1.33 to $1.37 a share.

Novell
NOVL
surged almost 16 percent after saying late Thursday that it swung to a fiscal third-quarter net loss of $12 million, or 3 cents a share. In the same period last year, the company earned $10 million, or 3 cents a share. The lone Wall Street analyst who estimates Novell's results had been expecting a loss of 3 cents a share. Sales were $283 million, a slight rise from $282 million a year earlier.

Pilgrim's Pride
CHX
jumped nearly 15 percent after the poultry producer said it would combine its Class A and Class B stocks to create a single class of common stock. The company said a special committee had determined that the elimination of a dual share structure was in the best interest of the company and its shareholders.

Shares of Serena Software
SRNA, -3.90%
added almost 17 percent after Pacific Growth Equities upped its rating on the stock to "overweight" from "equal weight" on the company's strong second-quarter earnings and a positive outlook for the third quarter. "With greater visibility into the third quarter, the potential for better CY04 growth and with SRNA entering the traditionally seasonally stronger autumn period, we advise investors to accumulate the stock," said analyst Jason Brueschke. Pacific is expecting the stock to trade in the $20 range after its recent pullback.

TiVo
TIVO, -1.76%
the maker of software used in personal video recorders, surged nearly 13 percent after it said it picked up 90,000 subscribers in the second quarter, more than double its additions in the March period. It also raised its full-year subscriber and revenue forecasts. See full story.

Friday's decliners

Shares of Anteon International
ANT, +1.88%
lost 10 percent after the defense contractor said some of its shareholders plan to sell at least 5.5 million shares. The public offering won't generate proceeds for the company and will include an over-allotment option for underwriters to purchase up to 825,000 shares.

Opsware
OPSW
fell nearly 7 percent after the software company reported fiscal second quarter losses that narrowed from year-earlier levels, but was wider than what the analyst surveyed by Thomson First Call was expecting. Revenue topped the analysts forecast, but fell 75 percent.

Schering-Plough
SGP, -0.84%
slumped more than 9 percent after it lowered its earnings outlook through 2004 and announced a number of cost-cutting measures, including the elimination of bonuses and the reduction of its quarterly dividend, to 5.5 cents from 17 cents. The drugmaker also plans to launch a voluntary retirement program, through which is expects to cut its staff by about 1,000 or more. Shares of Schering-Plough ended the regular session up 24 cents at $16.48.

Sierra Health Services
SIE, -16.67%
dropped more than 16 percent after the company said late Thursday that its bid to expand its current managed care support services contract with the U.S. Dept. of Defense was unsuccessful. The company said it would meet with the DOD within the next several days.

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